Ardelyx Net Invested Capital vs Capital Surpluse Analysis

ARDX Stock

USD 5.84 0.01 0.17%

Ardelyx financial indicator trend analysis is way more than just evaluating Ardelyx prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ardelyx is a good investment. Please check the relationship between Ardelyx Net Invested Capital and its Capital Surpluse accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ardelyx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Ardelyx Stock please use our How to Invest in Ardelyx guide.

Net Invested Capital vs Capital Surpluse

Net Invested Capital vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ardelyx Net Invested Capital account and Capital Surpluse. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Ardelyx's Net Invested Capital and Capital Surpluse is 0.43. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Ardelyx, assuming nothing else is changed. The correlation between historical values of Ardelyx's Net Invested Capital and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Ardelyx are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Invested Capital i.e., Ardelyx's Net Invested Capital and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Surpluse

Most indicators from Ardelyx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ardelyx current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ardelyx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Ardelyx Stock please use our How to Invest in Ardelyx guide.At this time, Ardelyx's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 574.4 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 99.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	9.1M	48.0M	106.7M	112.0M
Total Revenue	10.1M	52.2M	124.5M	130.7M

Gross Profit Total Revenue

Ardelyx fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Net Tangible Assets	Common Stock Total Equity
Total Assets		0.72	0.45	0.93	-0.53	0.63	-0.58	0.05	-0.74	0.51	0.4	0.59	0.48	0.48	0.94	0.4	0.66	0.42	0.48	0.87	0.54	0.65	0.99	0.24	0.68	0.67
Other Current Liab	0.72		0.64	0.62	-0.26	0.59	-0.27	0.45	-0.86	0.39	-0.11	0.92	0.85	0.84	0.55	0.72	0.93	0.44	0.48	0.77	0.73	0.78	0.66	0.07	0.31	0.92
Total Current Liabilities	0.45	0.64		0.22	-0.02	0.69	0.04	0.38	-0.83	0.29	-0.06	0.66	0.55	0.65	0.22	0.19	0.72	0.11	0.62	0.8	0.6	0.38	0.35	0.18	-0.02	0.78
Total Stockholder Equity	0.93	0.62	0.22		-0.72	0.63	-0.76	-0.16	-0.54	0.49	0.49	0.41	0.29	0.27	0.96	0.38	0.47	0.18	0.4	0.72	0.26	0.61	0.95	0.38	0.86	0.46
Other Liab	-0.53	-0.26	-0.02	-0.72		-0.59	0.96	0.17	0.29	-0.43	-0.4	-0.05	0.09	0.12	-0.65	-0.1	-0.15	0.2	-0.49	-0.45	0.12	-0.46	-0.59	-0.63	-0.76	-0.13
Property Plant And Equipment Net	0.63	0.59	0.69	0.63	-0.59		-0.54	0.0	-0.7	0.42	0.31	0.44	0.24	0.3	0.57	0.16	0.52	-0.15	0.79	0.78	0.26	0.64	0.6	0.76	0.48	0.57
Current Deferred Revenue	-0.58	-0.27	0.04	-0.76	0.96	-0.54		0.13	0.27	-0.5	-0.34	-0.07	0.05	0.1	-0.68	-0.22	-0.16	0.13	-0.47	-0.45	0.11	-0.51	-0.64	-0.62	-0.76	-0.13
Net Debt	0.05	0.45	0.38	-0.16	0.17	0.0	0.13		-0.48	0.2	-0.83	0.62	0.67	0.61	-0.15	0.53	0.62	0.53	0.26	0.25	0.65	0.47	-0.03	-0.18	-0.41	0.56
Retained Earnings	-0.74	-0.86	-0.83	-0.54	0.29	-0.7	0.27	-0.48		-0.44	-0.02	-0.84	-0.74	-0.77	-0.58	-0.44	-0.94	-0.49	-0.71	-0.93	-0.84	-0.72	-0.68	-0.17	-0.21	-0.95
Accounts Payable	0.51	0.39	0.29	0.49	-0.43	0.42	-0.5	0.2	-0.44		-0.01	0.38	0.32	0.34	0.42	0.41	0.41	0.12	0.24	0.51	0.24	0.34	0.48	0.25	0.3	0.38
Cash	0.4	-0.11	-0.06	0.49	-0.4	0.31	-0.34	-0.83	-0.02	-0.01		-0.28	-0.38	-0.32	0.57	-0.44	-0.2	-0.16	0.1	0.23	-0.2	-0.13	0.47	0.24	0.6	-0.13
Non Current Assets Total	0.59	0.92	0.66	0.41	-0.05	0.44	-0.07	0.62	-0.84	0.38	-0.28		0.98	0.97	0.36	0.8	0.97	0.58	0.38	0.68	0.85	0.72	0.5	-0.11	0.03	0.96
Non Currrent Assets Other	0.48	0.85	0.55	0.29	0.09	0.24	0.05	0.67	-0.74	0.32	-0.38	0.98		0.98	0.25	0.83	0.93	0.67	0.22	0.54	0.86	0.63	0.39	-0.29	-0.09	0.91
Other Assets	0.48	0.84	0.65	0.27	0.12	0.3	0.1	0.61	-0.77	0.34	-0.32	0.97	0.98		0.23	0.77	0.92	0.59	0.22	0.58	0.84	0.54	0.38	-0.3	-0.09	0.92
Cash And Short Term Investments	0.94	0.55	0.22	0.96	-0.65	0.57	-0.68	-0.15	-0.58	0.42	0.57	0.36	0.25	0.23		0.23	0.46	0.34	0.39	0.72	0.37	0.56	0.98	0.3	0.83	0.46
Net Receivables	0.4	0.72	0.19	0.38	-0.1	0.16	-0.22	0.53	-0.44	0.41	-0.44	0.8	0.83	0.77	0.23		0.69	0.42	0.06	0.31	0.49	0.64	0.33	-0.13	0.08	0.64
Common Stock Shares Outstanding	0.66	0.93	0.72	0.47	-0.15	0.52	-0.16	0.62	-0.94	0.41	-0.2	0.97	0.93	0.92	0.46	0.69		0.62	0.52	0.79	0.9	0.75	0.59	-0.04	0.09	0.99
Non Current Liabilities Total	0.42	0.44	0.11	0.18	0.2	-0.15	0.13	0.53	-0.49	0.12	-0.16	0.58	0.67	0.59	0.34	0.42	0.62		0.04	0.3	0.85	0.43	0.4	-0.47	-0.11	0.57
Other Current Assets	0.48	0.48	0.62	0.4	-0.49	0.79	-0.47	0.26	-0.71	0.24	0.1	0.38	0.22	0.22	0.39	0.06	0.52	0.04		0.73	0.36	0.68	0.45	0.67	0.14	0.53
Other Stockholder Equity	0.87	0.77	0.8	0.72	-0.45	0.78	-0.45	0.25	-0.93	0.51	0.23	0.68	0.54	0.58	0.72	0.31	0.79	0.3	0.73		0.64	0.65	0.82	0.32	0.43	0.81
Total Liab	0.54	0.73	0.6	0.26	0.12	0.26	0.11	0.65	-0.84	0.24	-0.2	0.85	0.86	0.84	0.37	0.49	0.9	0.85	0.36	0.64		0.58	0.48	-0.27	-0.09	0.89
Property Plant And Equipment Gross	0.65	0.78	0.38	0.61	-0.46	0.64	-0.51	0.47	-0.72	0.34	-0.13	0.72	0.63	0.54	0.56	0.64	0.75	0.43	0.68	0.65	0.58		0.63	0.45	0.3	0.72
Total Current Assets	0.99	0.66	0.35	0.95	-0.59	0.6	-0.64	-0.03	-0.68	0.48	0.47	0.5	0.39	0.38	0.98	0.33	0.59	0.4	0.45	0.82	0.48	0.63		0.27	0.75	0.59
Property Plant Equipment	0.24	0.07	0.18	0.38	-0.63	0.76	-0.62	-0.18	-0.17	0.25	0.24	-0.11	-0.29	-0.3	0.3	-0.13	-0.04	-0.47	0.67	0.32	-0.27	0.45	0.27		0.39	-0.01
Net Tangible Assets	0.68	0.31	-0.02	0.86	-0.76	0.48	-0.76	-0.41	-0.21	0.3	0.6	0.03	-0.09	-0.09	0.83	0.08	0.09	-0.11	0.14	0.43	-0.09	0.3	0.75	0.39		0.1
Common Stock Total Equity	0.67	0.92	0.78	0.46	-0.13	0.57	-0.13	0.56	-0.95	0.38	-0.13	0.96	0.91	0.92	0.46	0.64	0.99	0.57	0.53	0.81	0.89	0.72	0.59	-0.01	0.1

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Ardelyx Account Relationship Matchups

Ardelyx fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	259.8M	201.6M	149.9M	190.1M	297.6M	180.1M
Other Current Liab	11.7M	12.3M	12.8M	19.9M	27.6M	29.0M
Total Current Liabilities	22.2M	28.4M	57.5M	74.6M	50.4M	30.7M
Total Stockholder Equity	186.7M	126.1M	82.6M	98.3M	166.8M	116.4M
Other Liab	720K	582K	4.7M	20.3M	18.3M	10.1M
Property Plant And Equipment Net	7.4M	4.2M	15.1M	10.5M	6.6M	6.8M
Current Deferred Revenue	4.5M	4.2M	4.7M	13.2M	7.2M	7.0M
Net Debt	(126.4M)	(37.7M)	(26.9M)	(59.7M)	34.5M	36.2M
Retained Earnings	(460.5M)	(554.8M)	(712.9M)	(780.1M)	(846.2M)	(803.9M)
Accounts Payable	2.2M	5.6M	4.3M	10.9M	11.1M	7.7M
Cash	181.1M	91.0M	72.4M	96.1M	21.5M	20.4M
Non Current Assets Total	7.4M	6.3M	15.1M	35.6M	51.5M	54.0M
Non Currrent Assets Other	314K	552K	1.2M	25.1M	44.9M	47.1M
Other Assets	314K	552K	1.2M	25.9M	29.8M	31.3M
Cash And Short Term Investments	247.5M	186.5M	116.7M	123.9M	184.3M	150.6M
Net Receivables	750K	0.0	502K	7.7M	22.0M	23.1M
Common Stock Shares Outstanding	64.5M	89.6M	104.2M	158.7M	219.3M	230.3M
Liabilities And Stockholders Equity	259.8M	201.6M	149.9M	190.1M	297.6M	180.1M
Non Current Liabilities Total	50.9M	47.0M	9.7M	17.1M	80.4M	84.4M
Other Current Assets	4.1M	8.8M	17.6M	5.1M	8.4M	6.0M
Other Stockholder Equity	647.1M	680.9M	795.5M	878.5M	1.0B	510.9M
Total Liab	73.1M	75.5M	67.3M	91.7M	130.8M	137.3M
Property Plant And Equipment Gross	7.4M	4.2M	15.1M	1.2M	16.8M	17.6M
Total Current Assets	252.4M	195.2M	134.8M	154.5M	246.1M	166.5M
Accumulated Other Comprehensive Income	20K	(4K)	(6K)	(54K)	224K	235.2K
Property Plant Equipment	3.4M	1.9M	15.1M	1.2M	1.4M	1.3M
Net Tangible Assets	186.7M	126.1M	82.6M	98.3M	88.5M	98.8M
Long Term Debt	49.2M	48.8M	46.6M	49.8M	57.3M	60.2M
Retained Earnings Total Equity	(460.5M)	(554.8M)	(712.9M)	(780.1M)	(702.1M)	(667.0M)
Short Term Investments	66.4M	95.5M	44.3M	27.8M	162.8M	171.0M
Capital Surpluse	647.1M	680.9M	795.5M	878.5M	1.0B	568.4M
Non Current Liabilities Other	2.1M	413K	14.5M	17.1M	19.7M	20.7M
Short Term Debt	3.8M	6.3M	35.8M	30.6M	4.4M	4.2M
Net Invested Capital	236.7M	176.9M	114.9M	125.0M	216.6M	184.6M
Net Working Capital	229.8M	166.3M	80.8M	88M	195.7M	120.1M
Short Long Term Debt Total	54.7M	53.3M	45.5M	36.5M	56.0M	39.4M

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Ardelyx Net Invested Capital vs Capital Surpluse Analysis

Net Invested Capital vs Capital Surpluse

Net Invested Capital vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Net Invested Capital

Capital Surpluse

Ardelyx fundamental ratios Correlations

Ardelyx Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ardelyx fundamental ratios Accounts

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Total Current Assets	+ 0.99	Total Assets
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Non Currrent Assets Other	+ 0.98	Non Current Assets Total
Other Assets	+ 0.98	Non Currrent Assets Other
Total Current Assets	+ 0.98	Cash And Short Term Investments
Other Assets	+ 0.97	Non Current Assets Total

Common Stock Total Equity	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.93	Retained Earnings
Retained Earnings	- 0.86	Other Current Liab
Total Liab	- 0.84	Retained Earnings
Non Current Assets Total	- 0.84	Retained Earnings